Falcon’s Beyond Global (NASDAQ:FBYD) Shares Up 4.1% – Should You Buy?

Shares of Falcon’s Beyond Global, Inc. (NASDAQ:FBYD) traded up 4.1% during mid-day trading on Friday. The stock traded as high as $6.30 and last traded at $5.82. Approximately 13,619 shares traded hands during trading, a decline of 89% from the average daily volume of 119,610 shares. The stock had previously closed at $5.59.

Wall Street Analyst Weigh In

FBYD has been the subject of a number of recent analyst reports. Weiss Ratings downgraded Falcon’s Beyond Global from a “sell (d+)” rating to a “sell (d)” rating in a research report on Wednesday, September 16th. Wall Street Zen downgraded Falcon’s Beyond Global from a “hold” rating to a “sell” rating in a research report on Saturday, August 29th. One equities research analyst has rated the stock with a Sell rating. According to MarketBeat, Falcon’s Beyond Global currently has a consensus rating of “Sell”.

Falcon’s Beyond Global Trading Down 5.7%

The business’s fifty day moving average is $7.56 and its 200-day moving average is $10.18. The stock has a market capitalization of $639.03 million, a PE ratio of -87.82 and a beta of -2.33. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 0.25.

Falcon’s Beyond Global (NASDAQ:FBYD) last posted its quarterly earnings results on Thursday, November 12th. The company reported ($0.09) earnings per share for the quarter. The company had revenue of $7.29 million for the quarter. Falcon’s Beyond Global had a negative return on equity of 44.60% and a negative net margin of 5.40%.

Institutional Trading of Falcon’s Beyond Global

A number of institutional investors and hedge funds have recently made changes to their positions in the company. State Street Corp grew its position in Falcon’s Beyond Global by 88.1% during the second quarter. State Street Corp now owns 399,673 shares of the company’s stock valued at $7,162,000 after acquiring an additional 187,164 shares during the period. Bank of New York Mellon Corp acquired a new stake in Falcon’s Beyond Global during the second quarter worth about $1,067,000. HighTower Advisors LLC purchased a new position in shares of Falcon’s Beyond Global in the 3rd quarter worth about $179,000. Black Diamond Financial LLC purchased a new position in shares of Falcon’s Beyond Global in the 3rd quarter worth about $85,000. Finally, Russell Investments Group Ltd. purchased a new position in shares of Falcon’s Beyond Global in the 3rd quarter worth about $58,000. 38.88% of the stock is currently owned by institutional investors and hedge funds.

About Falcon’s Beyond Global

Falcon’s Beyond Global is an experiential entertainment company that develops and operates attractions, destinations and related media. Its activities span creative design and consulting, attraction development and technology, and the creation and licensing of entertainment brands and intellectual property. The company’s businesses include Falcon’s Creative Group, which designs themed experiences and attractions, and Falcon’s Attractions, which develops related products and technologies. Through its destinations business, Falcon’s Beyond has brought its Katmandu brand to theme parks, including locations in Punta Cana, Dominican Republic, and Mallorca, Spain.